Banks in Armenia increase lending to residents by 1.5% to AMD 2 179.6 billion in April

YEREVAN, June 2. /ARKA/. In April 2017, banks in Armenia increased their lending to residents by 1.5% to AMD 2 179.6 billion, the Central Bank of Armenia says on its website.

According to the central bank’s report, loans in drams totaled AMD 772 billion in late April after growing 0.03% over one month and loans in foreign currencies amounted to AMD 1407.5 billion showing a 2.3% month-on-month growth.

The loans provided to companies grew 2.9% to AMD 1 243.7 billion, where loans in the national currency totaled AMD 198.6 billion and in foreign currencies AMD 1 045.1 billion.

Lending for households shrank 0.1% to AMD 796.5 billion, where loans in drams amounted to AMD 505.6 billion and in foreign currencies to AMD 290.9 billion.

Aggregate loans totaled AMD 2 474.3 billion in April (1% growth). ($1 – AMD 482.14). –0—-

spot_img

POPULAR

Central Bank of Armenia and IMF Discuss Macroeconomic Situation and Financial System Reforms

A concluding meeting took place at the Central Bank of Armenia with an IMF delegation led by Mark Horton, the IMF mission chief for Armenia.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (September 21–27)

Armenia’s financial agenda this week centered on developing regulatory cooperation, digitizing currency transactions, and expanding capital market instruments.

Special symphony concert: results of trilateral cooperation summed up

Acba Bank, the Hayastan All-Armenian Fund and the State Symphony Orchestra of Armenia summed up the results of musical and cultural projects jointly implemented over many years.

Armenia proposes EBRD expand SME support to diversify exports

Armenian Minister of Economy Gevorg Papoyan and a delegation from the European Bank for Reconstruction and Development (EBRD)—led by Elisabetta Falcetti, Managing Director for Turkey and the Caucasus—agreed to advance their cooperation agenda during a meeting on Thursday.

IMF mission discusses macroeconomic issues and reforms with Armenian authorities

Armenian Deputy Prime Minister Tigran Khachatryan met with a delegation from the International Monetary Fund (IMF) mission, led by the IMF mission chief for Armenia, Nathan Porter, the Armenian government's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img